Molycorp acquisition of Neo Material uses exchangeable share structure

The proposed acquisition of TSX-listed Neo Material Technologies by NYSE-listed Molycorp would use an exchangeable share structure, so that taxable Canadian investors can elect to receive exchangeable shares of a BC subsidiary of Molcorp (Exchangeco).  The electing NEM shareholders must provide completed s. 85 election forms to Exchangeco within 90 days of the effective date of the plan of arrangement, and full rollover treatment may not be available to them depending on the portion of the consideration which they are required to receive in cash.

Neal Armstrong.  See summary of Circular for Acquisition of Neo Material Technologies by Molycorp